Reliance Jio's new pricing will continue to bleed industry: COAI

Monday, April 3, 2017, 8:45 AM

Cellular operators' body COAI has said Reliance Jio's latest pricing will continue to bleed the industry and there is risk of cascading impact on banks and others that have large exposure to the telecom sector. The industry will continue to bleed under this pricing, and there is the risk of cascading impact on the banks, government and equipment-manufacturers, COAI director general Rajan Mathews said.